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<br />6. If he fails to pay any sum ar keep any covenant provided for in this mortgage, the ?Mortgagee, at
<br />its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />otvirg on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />7. Upon request of the ?Mortgagee, Mortgagor shall execute and deliver a suppiemenial note or notes
<br />for the sum or sums advanced by 1Mortgagee for the alteration, modernization, or improvement made at
<br />the Mortgagor's request ; or for maintenance of said premises, or far taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a parity kith and as fully as if the advance evidenced thereb}- were included in the note first
<br />described above. Said sup;alemertal note or notes shall bear interest at. the rate provided for in the prin-
<br />cipaS indebtedness and shall be l><•!yable in approa:imateh- equal monthly payments for such period as may
<br />be agreed upon by the Dior*.gagee and lklortgagor. Failing to agree nn the matux•it}-, the whole of the sum
<br />Ox' allR13 50 advanced shall lie due and px~><able thirty (36) days after demand by the Mortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />3. Ile hereby assigns, transfers and sets over to the .lior±ggree, to ba applied toward the payment of
<br />the Hate and all sums sectu•e<i hereby in case of a default in the perfornuince of any of the terms and condi-
<br />tions of this mortgage or tlxe said rote, all the rents, revenues and income io be derived from the mort-
<br />gaged premise, during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have potvcr to appoint any agent or agents it ma}° desire for the purpose of routing the same and col-
<br />iecting *.he rents, revenues and income, and it may pay out of said incomes all nc~r•essary commissions and
<br />expenses inrarx-od in renting and mansging the same and of coilc';.ting rentals therefx•om; the balance
<br />r_stiaining, if any, to UE applied ian'ard the discharge of said mortgage indebtedness.
<br />o- He twill contiaavoua;y maintain hazard insurance, of sur}t t}-pe or types and amounts as \iortgagee
<br />niay fr.:m time to time >xl:tire, un the impravemerts note or heresfter on saki premises and except when
<br />fvr all .cl, - ,~ ,,,~ h~ ther~tn,~fzrn h<r n;t ma.ln !tt, der (a) of na rae~raPlx ? her~if, twill pay
<br />tom:'='t"'= _,... pr..,.,,...... - -- --- - - --
<br />proniptlr when due any premiums therefor. Upon defa!ilt thereof, \Sortgagr~ may pa}- the same. All
<br />insuran~~ s::ai3 be cirri ~l is companies approvc~rl b}• the 3lot•?gagee and the policies and renewals ther°af
<br />shall ~ held b}- the Mort~a~ and have attarhz<i t}terc to loss payable. clauses in favor of and in form
<br />aci~ptable to the Mortgagee: In event of loss 14iortgagar twill give imtnediate notice be mail to *,he Mort-
<br />gagee. u-ho tnay make prtxxf of ]!~ if not made promptly by Mortgagor, and each insurance company roa-
<br />~x-ned is l;ereby autiioriaed and directcxi tt~ make payment for sut.lt loss din~rih- to iro Mortgagee instead
<br />of is the 1$crtgagor and the :tortgagee 3ointly, aid the insurance prxeeds, or any part thereof,
<br />Hier be applied by the &lortgagee at its option either to the reduction of the indebttxdne,s hereby secured
<br />or to the restoration ar repair of iho pxoperh damaged. In event of foreclosure of this mortgage, or ether
<br />transfer of ride to tlxe mortgaged property in extinguishment of the indebte<in~,;s seelrred hereby, all
<br />right, title and interest r,f the :Sortgagar in and to any insurance policies then in force shall pass to the
<br />putrlis~r or grant~-
<br />]tl. As additional and ~.,llateral s~ uritr fur the payment of the note d~•st rb~-d, and all sums to become
<br />due under thismoSag-ag.~,tlseLiortgagorherebyassigns to the diortgagte all ic•ase bonuses, Profits, reve-
<br />nues, rxayaitics- rig}xt~ and ther benefits accruing to the :4iartgagor under any and a!l oil and gss leases
<br />ncsa-, or during ere hfe of this mortgage, eseruted or. said px-omises, n-ith the right to rm~ica and receipt
<br />fcr rile same and apply tht•n: to said indebtedness as n-ell before ai after t,c fault in the c ;:ditions of this
<br />ni!,x-tgage. and tl.e 1l~~rtgager may demand, sue far and recover an}• such ~zym~vtts wheat dire and pay-
<br />ab=r. but shalt ni>*. tx ~iluie~~i so to do. This assignment is to T..ermirate ax:d txz•<~nte null and void upon
<br />release of this mortgage.
<br />~,. 1-le €hall nJt ~:;mntjr ,,r rirmit p-n,,~ta ~ nt„~t ghnll n~~inrain ±ha n-n,~ ric• iS:.'~.3 r ~"'L't (~an4itii)n :3 at
<br />present, rrasirnable t-ear and t-ear exeept~. L'pt-rn auv failures to so maintain, 'llortgag~, at its option,
<br />mar reuse reasOn:tbs~ maintenance cork io be p~rformc-d at the rust of 3irx2gag,.,r. ,><ny amounts paid
<br />therefor by Mortga~z~e ;itsll tear int~reat at the rate pr!,vid~ for in the pxinc•ipal iridebtedn`rss, shall
<br />thereupin l~-ome a peel of the indabtec'~iesc serur~xl by this ins?rument, ratably and on a Parity with all
<br />other indebtedness sN!ure¢i hereby, and :hall be payable tlxirty (dil) days after demand-
<br />1? ]f the prenii~es. ar any part thereof, be condemner? under the power of eminent domain, or
<br />acgnirrxl for a puLlic use, tltc damag!~ awarded, the proceeds for the taking of, or t1!erc>nsideration for
<br />surly arguisiti+xa, ?t, tl,z• exit rt ;• the full amount of the remaining unpaid indel,tedt:ess xx'ured by this
<br />mortgage, or ]rerekar arssigneci tc> the °~4!rrtgag2e, and shall taz paid forthi;ith to said'~iartgagee, to be
<br />applied an account of `lee last maturing installtnents of such indebtedness-
<br />]g. ]f the !+ie,rtragia fails tea make any payments when due, or to conform io and v~,mply with any
<br />of the condition. or agreements caa#.ainc-d in this mortgage, or the notes which it secures, then the
<br />e-tatter printipa'. sum and ai:rR:ed :merest shall at i>nee be.~mr due and pa}ab1,~, at the eieetion of the
<br />?wlr~~igagee; and this mortgage may thereupon br` foreclosed immediately for the whole of the indebted-
<br />ness her2b}• sY•rured, ir:rluding the cost of extending the abstract of title from the date of this murt-
<br />>?;~ to the time of rornxneneing such suit, a reasonable ationiey's fee, and any sums paid ify the Veterans
<br />Administration on sieount of the gaarantF or insurance of tYie indebtedness secureel hc•rc•by, all of which
<br />slsail be included in Lire decree of foreclosure.
<br />Id. !f the indebtedness seeurn7 hereby be guaranteed nr insured under Title 3S, United States Code,
<br />snrh Title and Regulations issued thereunder and in effcet en the date hereof shalt gorern the rights, duties
<br />and liabilities of the pasties hetrtf~, and any Provisions of this or other instruments executed in connection
<br />with said indelst~rd~ss which are ineaxtsistent with said Title or Regulations are hex^ehy amended to
<br />conform thereto,
<br />The covenants herein rantatntd shall bind, and the benefits and advantages shall inure to, the
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